3-bed · 2,297 sqftPalazzo Versace, Culture Village · 2nd floor · completed 2015

2214, Palazzo Versace

Sold prices and rental history: sold 4 times, last in March 2024, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2214 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 5M20 March 2024
Current rentAED 380K /yr14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2214, Palazzo Versace

What is 2214 worth today?

Last sold for AED 4,995,000 in 2024

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14 Oct 2024RentedNew contract
AED 380,000/yr12 months · AED 165 per sqft
20 Mar 2024SoldReady
AED 4,995,000AED 2,174 per sqft
20 Nov 2018SoldReady
AED 4,706,000AED 2,048 per sqft
3 Jun 2014SoldOff-plan
AED 8,000,000AED 3,482 per sqft
11 Nov 2012Sold by developerOff-plan
AED 5,845,700AED 2,544 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
3-bed apartment
Size
2,297 sqft
Floor
2nd of 8
Parking
B1-E090, B1-E091
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 5M · March 2024

About 2214, Palazzo Versace

2214 is a three-bedroom apartment of 2,297 sqft on the 2nd floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. It last sold on 20 March 2024 for AED 4,995,000, or AED 2,174 per sqft, 4% above the AED 2,083 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 October 2024. The current contract, signed on 14 October 2024, is AED 380,000 a year: a gross yield of 7.6% on the 2024 price.

Sales and rents for 2214 over time

Sales
Unit 2214, each saleTypical three-bed in Palazzo Versace
5M10M2009201420192024Typical sale price by year: 2009 AED 12,841,100; 2012 AED 6,879,300; 2013 AED 8,041,188; 2014 AED 9,897,600; 2015 AED 12,400,000; 2016 AED 9,920,550; 2018 AED 4,706,000; 2019 AED 3,543,958; 2021 AED 5,000,000; 2022 AED 4,675,567; 2024 AED 5,197,500; 2025 AED 5,500,000; 2026 AED 7,400,000Sold by developer, November 2012: AED 5,845,700 (AED 2,544 per sqft)Sold, June 2014: AED 8,000,000 (AED 3,482 per sqft)Sold, November 2018: AED 4,706,000 (AED 2,048 per sqft)Sold, March 2024: AED 4,995,000 (AED 2,174 per sqft)

2214 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2214, each contractTypical three-bed in Palazzo Versace
200K300K400K2016201920222025Typical rent by year: 2016 AED 315,000; 2017 AED 335,000; 2018 AED 310,000; 2019 AED 257,500; 2020 AED 235,000; 2021 AED 238,457; 2022 AED 350,000; 2023 AED 397,500; 2024 AED 435,000; 2025 AED 405,000; 2026 AED 422,500New contract, October 2024: AED 380,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Palazzo Versace, and where 2214 sits

All 65 3-beds →

2214 last sold in March 2024 at AED 2,174 per sqft, 4% above what three-beds in Palazzo Versace were fetching at the time (AED 2,083). Over the last 12 months three-beds sold for AED 3,574,440 to 10,400,000, around AED 2,051 per sqft, and rent for AED 300,000 to 800,000 a year. 2214's AED 380,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Oct 202610,400,000
6 Jul 20264,250,000
12 Feb 20265,800,000
11 Feb 20269,000,000
5 3-bed sales in the last 12 months

Palazzo Versace

Building

166 apartments, 1-bed to 6-bed over 8 floors in Culture Village, completed in 2015 by Emirates PV Dubai. 15 sold in the last 12 months.

Typical price per sqft
AED 2,051 Down 0.3%
Typical sale
AED 3.9M
Typical rent
AED 267K /yr
Typical yield
6.0%
Palazzo Versace, Culture Village: prices, sales and rents →

Other units on the 2nd floor

All 166 units in Palazzo Versace
Value
12012-bedAED 6.35M · Aug 2013
12023-bedAED 8.55M · Dec 2014
12032-bedAED 8.72M · Feb 2009
12042-bedAED 4.95M · Nov 2012
12054-bedAED 7.91M · Dec 2016
12062-bedAED 3.25M · Jan 2026
12072-bedAED 3.64M · Feb 2023
1–7 of 23

2214, Palazzo Versace in numbers

  • Sold 4 times: first on 11 November 2012 for AED 5,845,700, last on 20 March 2024 for AED 4,995,000 (AED 2,174 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 380,000 a year.
  • At AED 380,000 a year the gross yield on the 2024 price is 7.6%.
  • Three-beds in Palazzo Versace sold for AED 3,574,440–10,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,051 per sqft.

Source: Dubai Land Department. Updated 14 October 2024.

Questions about 2214, Palazzo Versace

What did unit 2214 last sell for?

AED 4,995,000 on 20 March 2024: AED 2,174 per sqft for 2,297 sqft. The unit has 4 registered sales; the first was AED 5,845,700 in November 2012.

What is the rent for unit 2214?

AED 380,000 a year on the contract signed on 14 October 2024.

How big is unit 2214?

2,297 sqft (213.4 sqm): a three-bedroom apartment on the 2nd floor of a 8-storey tower completed in 2015.

What is unit 2214 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palazzo Versace sold for AED 3,574,440 to 10,400,000 in the last 12 months, around AED 2,051 per sqft.

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Mortgage on 2214, Palazzo Versace

Starts from the last sale price (AED 5M, 20 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,995,000
Deposit, UAE resident (20%)
AED 999,000
Deposit, non-resident (40%)
AED 1,998,000
Monthly over 25 years at 3.7%
AED 20,436

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →